You are about to action:

Object being modified by the action

Do you want to proceed?

Share Video Link

https://www.bitchute.com/video/unNS44ywmOnt/

Click to copy, then share by pasting into your messages, comments, social media posts and websites.

Embed Video HTML

Click to copy, then add into your webpages so users can view and engage with this video from your site.

Share to Social Media

Share to social media by clicking on the quick share links.

Report Content

Reason

Please select the most appropriate reason from the list provided.

Note: For a more detailed description of each reason, see our Community Guidelines.

Additional Comments

Please add any additonal comments that will help with the assessment of your request.

Note: Copyright claims must contain all the items specified within the Copyright Policy.

Email Submissions

We also accept reports via email. Please see the Guidelines Enforcement Process for instructions on how to make a request via email.

Thank you for submitting your report

We will investigate and take the appropriate action.

Add to Playlist

Episode 297 - Nick Szabo on Liar-Resistance in Government and Byzantine Fault Tolerance

Next video playing soon

Click to cancel

Autoplay has been paused

Click to watch next video

First published at 21:12 UTC on October 17th, 2021.

#crypto
#nickszabo
#bitcoin

EurekaJohn

subscribers

Your platform for uncensored ideas. BitChute Premium.

BitChute Advertisement

Good morning! This morning I dig into the archives a bit and bring you some educational material on some of the fundamentals surrounding why we are (or should be) all in this crypto space. Bitcoin and lots of crypto projects were built for decentralization and censorship resistance. It was meant to crumble the current top-down power structure we have in the world, not through violence, but through logic and code. Nick Szabo, in his blog post from 2009 describes the Byzantine General's Problem and how it can be solved via smart contracts. His blog post prognosticates alot of the concepts that are being implemented in this new 4th Industrial Revolution (4IR), as a world based solely on smart contracts.

Sources:
https://unenumerated.blogspot.com/2009/05/liar-resistant-government.html

https://en.wikipedia.org/wiki/Smart_contract

https://cointelegraph.com/tags/nick-szabo

https://nakamotoinstitute.org/

LESS